On January 1, 2018, the general ledger of Big Blast Fireworks includes the following information:

A/R $44,000

Allowance for uncollectible accounts $3,300

At the end of January, $5,500 of A/R are past due, and the company estimates that 30% of these accounts will not be collected. Of the remaining A/R, the company estimates that 5% will not be collected.

Prepare adjusting journal entry.